Landmark Bancorp (NASDAQ:LARK) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Landmark Bancorp (NASDAQ:LARK) from a buy rating to a hold rating in a report issued on Saturday.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $27.20 on Friday. The stock has a market cap of $157.22 million, a P/E ratio of 10.50 and a beta of 0.22. The firm’s fifty day simple moving average is $28.17 and its 200 day simple moving average is $26.34. Landmark Bancorp has a twelve month low of $18.19 and a twelve month high of $31.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.49.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share for the quarter. The business had revenue of $16.48 million for the quarter. Landmark Bancorp had a net margin of 16.37% and a return on equity of 11.52%.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, May 21st. Landmark Bancorp’s dividend payout ratio is currently 32.43%.

Insider Buying and Selling

In other Landmark Bancorp news, Director Michael E. Scheopner sold 41,058 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the completion of the transaction, the director owned 80,316 shares of the company’s stock, valued at approximately $2,410,283.16. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 44,058 shares of company stock worth $1,321,347 over the last ninety days. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in LARK. Jones Financial Companies Lllp lifted its position in Landmark Bancorp by 341.5% during the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,547 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Landmark Bancorp in the 1st quarter worth about $213,000. Jane Street Group LLC purchased a new position in shares of Landmark Bancorp in the 1st quarter worth about $308,000. OneDigital Investment Advisors LLC raised its position in shares of Landmark Bancorp by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 671 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Landmark Bancorp by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 14,449 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

About Landmark Bancorp

Landmark Bancorp, Inc operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.